Hallelujah - Rent Increases Are Finally Slowing Down

Rent in Ireland has been steadily increasing over the last few years, with prices high and demand even higher but - thank god - price hikes are slowing down.

The Journal reports that the cost of renting a home across Ireland shot up by almost 7.4% in the 12 months to the end of March, but that the latest report from the Residential Tenancies Board (RTB) shows good news.

Prices in rent are only increasing by 0.1%, with the average national rent is now €987 per month - up just €1 on the last quarter of 2016.

Rents in Dublin and nearby commuter counties are home to the highest rents, while parts of Cork and Galway are also above the average.

Rent in Dublin even dropped in price by 1.5% this quarter, a welcome change for new tenants.